NOT LISTED FOR SALE

527 W Rosecrans Ave Compton, CA 90222

Estimated Value: $1,782,751

6 Beds
7 Baths
5,708 Sq Ft
$312/Sq Ft Est. Value

Last Sold August 25, 2016

Last sale price $950,000 $166 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $11,377/month

52 Days on Market

About This Home

As of August 2016

We have been selected to exclusively market for sale a well-maintained and recently renovated mixed-use apartment/retail property. The city of Compton’s location affords residents a centralized Los Angeles location with easy access to Los Angeles as well as the South Bay and Orange County. The location provides easy access to the 110, 91 and 405 freeways as well as the Metro Blue Line rail line.
The property was built in 1949 and features five apartment units and three retail units. The apartment units consist of three one-bedroom/one-bath units and two, two-bedroom/one-bath units. All of the apartments have been recently remodeled. Each apartment unit is separately metered for gas and electricity and feature gas heating as well as gas stoves. The three retail units consist of a party and flower shop, a Zumba/Dance Studio and a T-shirt Shop. Each retail space is separately metered and has a roll up safety door that was recently installed. The entire building was recently re-stuccoed and all the windows have been replaced with new vinyl windows.
In summary, this offering affords an investor the opportunity to get significant cash flow from a well located building that has little deferred maintenance.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 05/02/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,997

Year Built

  • Built in 1949

Lot Details

  • 5,709 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre
  • Land Lease

Parking

  • 8 Parking Spaces

Home Design

  • 5,708 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 4469
  • Assessor Parcel Number 6153014018

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $184
  • Insurance Expense $3,081
  • Maintenance Expense $2,390
  • Other Expense $1,600
  • Trash Expense $184
  • Water Sewer Expense $4,200
  • New Taxes Expense $14,720
  • Gross Income $7,900
  • Net Operating Income $66,493

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,997

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Price Per Unit: 118750
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Parcel Number: 6153014018
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 166.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 184.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: Yes
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5709.00
  • Price Per Lot Square Foot: 166.40

Multi Family

  • Electric Expense: 184.00
  • Gross Income: 7900.00
  • Gross Scheduled Income: 94800.00
  • Insurance Expense: 3081.00
  • Maintenance Expense: 2390.00
  • Net Operating Income: 66493.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 26543.00
  • Other Expense: 1600.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14720.00
  • Tax Lot: 17
  • Tax Tract Number: 4469

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2008
Sold by
Valencia Martha
Bought by
Sunland Development Llc
Total Days on Market
52
Current Estimated Value
$1,782,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sunland Development Llc $495,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 527 531 W Rosecrans Aye Llc $1,144,000
Closed Sunland Development Llc $463,000
Closed Sunland Development Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2016 08/25/16 Sold $950,000 0.0% $166 / Sq Ft
06/23/2016 06/23/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $950,000 -- $166 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $22,997 $1,248,259 $397,098 $851,161
2023 $22,741 $1,223,784 $389,312 $834,472
2022 $21,475 $1,199,789 $381,679 $818,110
2021 $21,666 $1,176,265 $374,196 $802,069
2020 $21,293 $1,164,205 $370,360 $793,845
2019 $18,243 $988,379 $363,099 $625,280
2018 $17,775 $969,000 $355,980 $613,020
Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2016

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    45 Total Sales

    Kevin King
    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    10 in this area

    5,589 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16092254

California Regional Multiple Listing Service (CRMLS)

APN: 6153-014-030

California Los Angeles County Compton 90220

527 W Rosecrans Ave, Compton, CA

This home is located at 527 W Rosecrans Ave, Compton, CA 90222 since 02 May 2016 and is currently estimated at $1,782,751, approximately $312 per square foot. This property was built in 1949. 527 W Rosecrans Ave is a home located in Los Angeles County with nearby schools including Washington Elementary School, Benjamin O. Davis Middle School, and Compton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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